ABF reports 'good start to new financial year'

Strong sales at Primark underpinned a promising start the new financial year at Associated British Foods (ABF), the diversified international food, ingredients and retail group.

Strong sales at Primark underpinned a promising start the new financial year at Associated British Foods (ABF), the diversified international food, ingredients and retail group.

In a trading update, delivered during an annual general meeting on Friday, Charles Sinclair, Chairman of the ABF, said: "Trading for the group in the first two months of the new financial year has been good, primarily driven by Primark, where the momentum that delivered the strong finish to last year has continued, but the critical Christmas trading period lies ahead."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.